Gold, silver prices surge as US economy sheds 23,000 jobs - mining.com
Gold, silver prices surge as US economy sheds 23,000 jobs - mining.com
Source: mining.com
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DW NOTE
The U.S. economy shed 23,000 jobs and gold rose 4.9% in a week. These are not related events — gold is climbing because it fell 19% from its January high while the Strait of Hormuz remains closed and inflation sits above target, not because of a trivial monthly payroll miss. A sub-1% job decline in a 160-million-worker economy does not move monetary metals.